Mon, 27 July - Path of Least Resistance

I think we can all sense some form of correction in their air, but lets be honest, the path of least resistance is still UP.

Facebook, Apple, Amazon, Visa, Paypal, Boeing, Alphabet are all reporting this week. A lot is dependent on AMZN earnings, of the Big 5, AMZN is undoubtly the most expensive. 150x earnings. If Bezos and gang miss, watch out.

- Big US data week as well.
- FOMC Statememt to come on wednesday
- Crude inventories amd some big oilers reporting. Could be volatile week for oil.

Depending on where SNP 500 opens on monday morning, im thinking:
1. Play on long side if bids above 3222
2. Play on short side if offered below 3221

TRADE SAFE